What’s the first thing that comes to mind when you think about research and development (R&D) in your business? Most of the time, you’ll immediately go to product-based research, but R&D can (and should) be so much more than that. There are myriad aspects of your business where innovation will make a huge difference, not only with your products and services, but also in more broad terms, such as the efficacy of your customer flow and systems that can help your business run more smoothly. At the end of the day, R&D is about taking what you have and doing the necessary research to enhance capabilities and be more efficient, and that is important to all business owners, regardless of company size or industry. In my experience, there are three important steps (and time-savers) to implement a successful and effective R&D strategy for your business:
What’s the first thing that comes to mind when you think about research and development (R&D) in your business? Most of the time, you’ll immediately go to product-based research, but R&D can (and should) be so much more than that. There are myriad aspects of your business where innovation will make a huge difference, not only with your products and services, but also in more broad terms, such as the efficacy of your customer flow and systems that can help your business run more smoothly. At the end of the day, R&D is about taking what you have and doing the necessary research to enhance capabilities and be more efficient, and that is important to all business owners, regardless of company size or industry. In my experience, there are three important steps (and time-savers) to implement a successful and effective R&D strategy for your business: